Revenue increases by 34% in Q3 compared to the same quarter the
previous year
STOCKHOLM, June 30, 2020 /PRNewswire/ -- Summary of the
period March 2019 - May 2020:
- The Group's net sales for the period were 64,838 KSEK (48,311
KSEK), an increase of 34% compared to the same period the previous
year
- EBITDA for the period was 3,404 KSEK (542 KSEK)
- The Group's game contribution for the period was 30,710 KSEK
(27,463 KSEK), an increase of 12% compared to the same period the
previous year
- Average revenue per daily active user, ARPDAU, for the period
was 3.0 US cents (2.6 US cents), an increase of 14% compared to the
same period the previous year
- The result per share during the quarter was -0.25 SEK/share (-0.14
SEK/share)
- The costs of user acquisition for the period was 26,271 KSEK
(15,782 KSEK)
- Daily and monthly active users (DAU and MAU) were 2.4 million
and 8.2 million respectively during the quarter, an increase of 12%
and 12% compared to the same period the previous year
Comment from the CEO in summary
"Q3 revenue amounted to SEK 65
million, an increase of 34% compared to the same quarter the
previous year. This is the highest turnover in a quarter for MAG
since the company went public. Compared to Q2, revenue grew by 28%
with the combination of several positive factors leading to the
rapid growth. The EBITDA in Q3 lands at MSEK 3.4 compared to MSEK
0.5 during the same quarter the previous year.
As noted in connection with the Q2 Interim Report on
April 1st, we saw a significant
increase in the number of downloads during March, a direct effect
of many countries shutting down due to the COVID-19 pandemic. The
large influx of players was mostly evident in our most established
games Ruzzle and QuizDuel and has continued to yield positive
effects in April and May. Organic growth has generated substantial
surpluses in that part of the portfolio during Q3.
During the quarter, we had the opportunity to increase the
investment in user acquisition for our most recently launched
games, Wordzee and New QuizDuel, which led to increased turnover in
that part of the portfolio as well. The cost of user acquisition
amounted to SEK 26 million in the
quarter, which is SEK 12 million more
than in Q2. We see increased investment in user acquisition as
something fundamentally positive as it lays the foundation for
future growth and profits.
With a strong quarter behind us, we now look forward with
excitement to how New QuizDuel and Wordzee will continue to develop
during 2020 and beyond", says Daniel
Hasselberg, CEO of MAG Interactive.
Summary of the period September
2019 - May 2020 (9
months):
- The Group's net sales for the period were 162,467 KSEK (129,844
KSEK), an increase of 25% compared to the same period the previous
year
- EBITDA for the period was 13,493 KSEK (-1,037 KSEK)
- The Group's game contribution for the period was 94,073 KSEK
(75,714 KSEK), an increase of 24% compared to the same period the
previous year
- Adjusted EBITDA for the period was 7,439 KSEK (-1,037 KSEK)
(adjustments relate to effects from effects from IFRS16)
- The result per share during the quarter was -0.52 SEK/share (-0.52
SEK/share)
Presentation & Report
On June 30th, 2020 at 10:00 CET, CEO Daniel
Hasselberg and CFO Magnus
Wiklander will present the Interim Report live on Twitch.
The presentation will be held in English. Link to the Twitch feed
herewww.twitch.com/maginteractive. Daniel
Hasselberg will also take questions on Twitter during the
course of the day, write to @d_hasselberg or @maginteractive. For
more information and to read the full report please
visithttps://www.maginteractive.com/investors/investor-relations/reports/.
This is information that MAG Interactive AB
(publ) is obliged to make public pursuant to the EU Market
Abuse Regulation. The information was submitted for publication,
through the agency of the contact persons set out below, at 08:00
on June 30th, 2020.
For additional information, please contact:
Daniel Hasselberg /
CEO / +46 (0)8 644 35 40 / daniel@maginteractive.se
Magnus Wiklander / CFO /
+46 (0)8 644 35 40 / magnus.wiklander@maginteractive.se
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/mag-interactive/r/mag-interactive-ab--publ--publishes-interim-report-september---may-2019-2020,c3143991
The following files are available for download:
https://mb.cision.com/Main/16579/3143991/1271649.pdf
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MAG Interactive
Interim Report 2019_20 Q3
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